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Power Nickel Inc V.PNPN

Alternate Symbol(s):  PNPNF

Power Nickel Inc. is a junior exploration company. The Company is involved in exploring for nickel, copper, cobalt, PEG group metals, gold, and silver on its various properties located in Chile, and Canada (Quebec & British Columbia). It is focused on developing the high-grade Nisk project into Canada's first Carbon Neutral Nickel mine. It owns significant land packages in British Colombia and Chile. Its flagship NISK project is a high-grade nickel-copper sulphide deposit with mineralization of multiple battery metals including Nickel, Copper, Cobalt, Palladium and Platinum. The Nisk Project consists of a total of 90 claims covering an area of 4589.11 hectares. Its properties include Golden Ivan, Palo Negro Hornitos Tierra de Oro, and Zulema. Golden Ivan is located three kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of thirteen (13) mineral claims, all in good standing, for a total area of approximately 797 hectares.


TSXV:PNPN - Post by User

Comment by Margin321on Oct 12, 2024 10:41am
72 Views
Post# 36263826

RE:RE:RE:Terry is now Advisor to BNXT, BioNext

RE:RE:RE:Terry is now Advisor to BNXT, BioNextI would not worry about that. I know for a fact that Terry Lynch  is devoting full time and more to Power Nickel, Whatever advising he is doing is minor and plays in to his interest in the capital markets for microcap companies, mostly resource preproduction resource companies but also more broadly. That expertise works for Power Nickel shareholders. In June he raised $20 million dollars at way above market share price. He got $1.25 a share for exploration by using pass through mechanism that gave tax breaks to one group who then moved the shares at 66 cents to pre-arranged buyers (including mining legends Robert Friedland and Rob McEwen).   The result for shareholders was access to needed capital with a very small amount of dilution.  The alternative would have been to go to market in standard way with the overhang that they obviously needed major capital for the huge 30,000 meter drilling program based on Lion success. The shares would have been pushed down to 40 cents and the dilution would have been triple. Be thankful that Terry Lynch has this interest and expertise.

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